With the volume, velocity and variety of data rising exponentially year over year, it is expected that there will be 175 zettabytes of data in the global data sphere by 2025. Industry analyst firm Gartner predicts that in that same timeframe, three-quarters of enterprise-generated data will be created and processed at the edge – outside a traditional centralized data center or cloud.
Founded in 2016 by serial entrepreneur Chris Gladwin, data analytics solution provider Ocient enables organizations to pursue new opportunities and transformational value with solutions tailored for hyperscale data sets. From making previously unfeasible data pipelines and queries a reality to partnering closely with customers to tackle their toughest data challenges, innovation is at the core of Ocient’s go-to-market strategy.
“Ocient is helping its customers find the needle in the haystack -- the signal in the noise -- particularly in real-time environments of active data sets,” says Neil Kumar, Senior Product Manager, Ocient. “We can give enterprises a glimpse into data insights they’ve never seen before -- particularly at this price point. Most companies we work with didn’t even know this kind of large-scale data analysis was possible without breaking the bank.”
Big data workflows are notoriously complex. For a big data project to succeed, many systems and services have to come together for an enterprise to manage data sources, data pipelines, transformations, aggregations, correlations, storage, analysis, and related security.
At the same time, enterprises need access to this data to make better and faster business decisions.
Traditionally, enterprises have turned to the cloud to enable their big data objectives. But it's an expensive proposition. Each operation, API call, GB transferred, VPN, firewall, CPU cycle, GB stored has a cost. Without proper management access to these resources, enterprises can find themselves dealing with unpredictable -- and outrageously high -- monthly bills.
Ocient’s flagship product, The Ocient Hyperscale Data Warehouse™ transforms and loads data in seconds, executes complex queries on hyperscale datasets, and brings AI, machine learning, and geospatial analytics into a single, consolidated solution.
The Ocient Hyperscale Data Warehouse brings storage adjacent to compute to maximize performance on industry-standard hardware and enables users to transform, stream and load data directly, returning previously infeasible queries in seconds.
Using the Ocient solution, enterprises can transform and load data at terabits a second and run queries up to 100x faster than competing cloud data warehousing solutions. It can also store and query petabytes of data and process CPU-intensive analytics against large, in-flight data sets requiring high core-count processing.
Ocient’s technology is well suited to large enterprises that are generating vast volumes of data and need to swiftly analyze that data and react quickly to insights provided.
Pictured on the right is Senior Product Manager, Neil Kumar.
Some of the use cases for Ocient include:
CDR search and analysis for the telecommunications industry, allowing mobile service providers to efficiently search and analyze large volumes of call log data generated from across the globe to satisfy legislative or government requirements.
Big data analysis for ad tech providers, enabling them to more efficiently analyze demographic and location data and customer behaviors to enable high-precision contextual ad targeting.
Geospatial data analysis for connected and autonomous vehicles and municipalities, to analyze data flowing in real-time from vehicles as well as roadside and satellite sensor data.
Ocient joined the 5G Open Innovation Lab as part of the Lab’s Batch 5 cohort in 2021.
“Jim Brisimitzus and the team at the Lab have been critical in helping us understand where the industry is going. They have opened doors to the surrounding Seattle tech community and to large technology partners,” says Neil.
Ocient has raised $85M, has a team of 150 people and growing, and recently announced 171% year-over-year growth. The company was also recognized in 2022 with a Chicago Innovation Award from 1871, Chicago’s Tech Hub.
“We’re entering our growth phase now,” says Neil. “We’ve proven there’s strong market interest and have happy customers across all the vertical markets we target. The focus over the next few years will be on scaling and on doubling down on the use cases for our platform. As our founder Chris likes to say, with every product introduced to the market today, more data is being generated. He’s yet to find a product that is producing less versus more with each new generation of that technology.”
Posted June 06, 2023